New Coinbase Survey Reveals Where Institutional Investors Expect Crypto Prices To Be in One Year
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Crypto exchange giant Coinbase is releasing the results of a new survey it conducted to find out how blue-chip investors feel about the future of the crypto industry.
The 2022 Institutional Investor Digital Assets Outlook Survey asked 140 US institutional investors with a total of $2.6 trillion in assets under management about their outlook for the digital asset market.
Score show that nearly three-quarters of participants still believe that cryptocurrencies are here to stay amid the latest bear market, suggesting that virtual currencies are now strongly accepted as an asset class.
“General sentiment towards digital assets has remained positive, with 72 percent supporting the view that digital assets are here to stay (86% of current crypto investors and 64% of those planning to invest).
While the long-term sentiment remains positive, the results also show that the industry turmoil dampened investor optimism that digital assets will deliver high returns in the coming months.
More than half of those surveyed do not expect crypto to see significant price movements in the next 12 months, and more than a quarter believe the digital asset will continue to go down.
“Crypto winter has dampened short-term expectations of a price increase. When asked about their price outlook, 54% of investors said they expect crypto prices to be range-bound, while 29% expect it to decline over the next 12 months.
Still, the majority of participants believe that cryptocurrencies will eventually recover, according to the survey.
“The long-term price outlook remains positive, with 71 percent of investors saying they expect digital assets to appreciate over the long term.”
Don’t Miss Out – Subscribe to receive crypto mail alerts straight to your inbox
Check price Take action
Follow us TwitterFacebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trades are at your own risk, and any losses are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Sabura/Andy Chipus